Standard 1:Make Informed, Financially Responsible Decisions – Students will apply financial literacy reasoning in order to make informed, financially responsible decisions.
Grades 3-5
Grades 6-8
Grades 9-12
1.5.AExplain that people make financial choices based on available resources, wants and needs. 1.5.A.1Explain the consequences of making financialdecisions. 1.5.A.2Identify opportunity cost of financial decisions made by individuals. 1.5.A.3Apply the steps in the decision-making process to a financial situation. 1.5.A.4Describe the concept of financial obligations, such as borrowing and “IOUs”.
(SS 4.A.1)
1.8.AAnalyze the financial choices that people make based on available resources, wants, and needs for goods and services.
1.8.A.1Predict the consequences of making financial decisions. 1.8.A.2Describe opportunity cost of financial decisions made by individuals. 1.8.A.3Predict the financial outcomes in an applied decision-making process. 1.8.A.4Explain the concept of financial obligations, such as promissory notes and contracts. 1.8.A.5Describe the legal and ethical factors involved in making personal financial decisions.
1.12.AEvaluate the financial choices that are made based on available resources, wants, and needs for goods and services.
1.12.A.1Explain how scarcity and opportunity cost affect decision-making. 1.12.A.2Analyze costs, benefits, and opportunity cost to determine the achievement of personal financial goals. 1.12.A.3Apply the decision-making process to an unforeseen situation such as a personal crisis. 1.12.A.4Explain the concept of financial obligations, such as a promissory note, cell phone contract or college loan. 1.12.A.5Evaluate how public policy issues impact personal financial decisions, such as environmental and health care concerns.
1.5.BExplain factors that affect personal financial decisions and actions.
1.5.B.1Identify attitudes, assumptions and patterns of behavior regarding money, saving, investing, and work and how they affect personal consumer decisions. 1.5.B.2Explain philanthropy, volunteer service and charities.
1.8.BAnalyze factors that affect personal financial decisions and actions.
1.8.B.1Compare attitudes, assumptions, and patterns of behavior regarding money, saving, investing, and work including the impact on relationships. 1.8.B.2Connect the role of philanthropy, volunteer service, and charities to community development and quality of life. 1.8.B.3Examine individual differences in decisions made as a consumer.
1.12.BEvaluate factors that affect personal financial decisions and actions. 1.12.B.1Evaluate attitudes, assumptions, and patterns of behavior regarding financial decisions, and predict how they impact the achievement of financial goals. 1.12.B.2Reflect on the impact of philanthropy, volunteer service, and charities in community development and quality of life. 1.12.B.3Compare individual differences and influences on consumer decisions related to money including the impact on relationships.
Standard 1:Make Informed, Financially Responsible Decisions – Students will apply financial literacy reasoning in order to make informed, financially responsible decisions.
Grades 3-5
Grades 6-8
Grades 9-12
1.5.CApply financial knowledge, attitudes, and skills.
1.5.C.1Describe different ways in which consumers plan their purchasing decisions.
1.5.C.2Identify personal financial goals.
(Community and Financial Responsibility F.3)
1.8.CIntegrate and apply financial knowledge, attitudes, and skills.
1.8.C.1Develop an informed and responsible action to resolve personal financial literacy questions and issues. 1.8.C.2Describe methods to achieve personal financial goals.
1.12.CEvaluate and apply financial knowledge, attitudes, and skills. 1.12.C.1Justify an informed and responsible action to resolve personal financial literacy questions and issues. 1.12.C.2Apply the decision-making process to achieve a personal financial goal.
1.5.DDescribe different types of retail markets.
1.5.D.1Describe markets situations where buyers and sellers meet to exchange goods and services. 1.5.D.2Identify markets that are not face-to-face meetings such as Internet shopping and catalog shopping.
(SS 4.B.1)
1.8.DCompare different types of markets
1.8.D.1Compare at least three markets that sell similar goods and services and determine which offers the best value. 1.8.D.2Identify fees associated with markets that are not face-to-face such as shipping and handling.
1.12.DCompare different types of markets.
1.12.D.1Determine different types of retail markets, and analyze the goods and services they offer. 1.12.D.2Examine external factors that affect a market such as inflation, and determine the most appropriate time to purchase.
1.8.EAnalyze the economic impacts of government, business, and consumer financial decisions. 1.8.E.1Form hypotheses regarding the impact of the global economy on personal financial planning. 1.8.E.2Predict the consequences of personal consumer decisions and actions on the global economy and the environment. 1.8.E.3Describe the impacts of business, government, and consumer financial decisions on the individual, family, and community.
1.12.EEvaluate the economic impacts of government, business, and consumer financial decisions. 1.12.E.1Assess the impact of global economic events on personal financial planning. 1.12.E.2Examine the consequences of personal consumer decisions and actions on the global economy, and the environment. 1.12.E.3Analyze the impacts of business, government, and consumer financial decisions on the individual, family, and community.
1.5.A.1 Explain the consequences of making financial decisions.
1.5.A.2 Identify opportunity cost of financial decisions made by
individuals.
1.5.A.3 Apply the steps in the decision-making process to a financial situation.
1.5.A.4 Describe the concept of financial obligations, such as borrowing and “IOUs”.
(SS 4.A.1)
1.8.A.1 Predict the consequences of making financial decisions.
1.8.A.2 Describe opportunity cost of financial decisions made by individuals.
1.8.A.3 Predict the financial outcomes in an applied decision-making process.
1.8.A.4 Explain the concept of financial obligations, such as promissory notes and contracts.
1.8.A.5 Describe the legal and ethical factors involved in making personal financial decisions.
1.12.A.1 Explain how scarcity and opportunity cost affect decision-making.
1.12.A.2 Analyze costs, benefits, and opportunity cost to determine the achievement of personal financial goals.
1.12.A.3 Apply the decision-making process to an unforeseen situation such as a personal crisis.
1.12.A.4 Explain the concept of financial obligations, such as a promissory note, cell phone contract or college loan.
1.12.A.5 Evaluate how public policy issues impact personal financial decisions, such as environmental and health care concerns.
1.5.B.1 Identify attitudes, assumptions and patterns of behavior regarding money, saving, investing, and work and how they affect personal consumer decisions.
1.5.B.2 Explain philanthropy, volunteer service and charities.
1.8.B.1 Compare attitudes, assumptions, and patterns of behavior regarding money, saving, investing, and work including the impact on relationships.
1.8.B.2 Connect the role of philanthropy, volunteer service, and charities to community development and quality of life.
1.8.B.3 Examine individual differences in decisions made as a consumer.
1.12.B.1 Evaluate attitudes, assumptions, and patterns of behavior regarding financial decisions, and predict how they impact the achievement of financial goals.
1.12.B.2 Reflect on the impact of philanthropy, volunteer service, and charities in community development and quality of life.
1.12.B.3 Compare individual differences and influences on consumer decisions related to money including the impact on relationships.
1.5.C.1 Describe different ways in which consumers plan their purchasing decisions.
1.5.C.2 Identify personal financial goals.
(Community and Financial Responsibility F.3)
1.8.C.1 Develop an informed and responsible action to resolve personal financial literacy questions and issues.
1.8.C.2 Describe methods to achieve personal financial goals.
1.12.C.1 Justify an informed and responsible action to resolve personal financial literacy questions and issues.
1.12.C.2 Apply the decision-making process to achieve a personal financial goal.
1.5.D.1 Describe markets situations where buyers and sellers meet to exchange goods and services.
1.5.D.2 Identify markets that are not face-to-face meetings such as Internet shopping and catalog shopping.
(SS 4.B.1)
1.8.D.1 Compare at least three markets that sell similar goods and services and determine which offers the best value.
1.8.D.2 Identify fees associated with markets that are not face-to-face such as shipping and handling.
1.12.D.1 Determine different types of retail markets, and analyze the goods and services they offer.
1.12.D.2 Examine external factors that affect a market such as inflation, and determine the most appropriate time to purchase.
1.8.E.1 Form hypotheses regarding the impact of the global economy on personal financial planning.
1.8.E.2 Predict the consequences of personal consumer decisions and actions on the global economy and the environment.
1.8.E.3 Describe the impacts of business, government, and consumer financial decisions on the individual, family, and community.
1.12.E.1 Assess the impact of global economic events on personal financial planning.
1.12.E.2 Examine the consequences of personal consumer decisions and actions on the global economy, and the environment.
1.12.E.3 Analyze the impacts of business, government, and consumer financial decisions on the individual, family, and community.